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Euro vs dollar set to move higher

The euro vs dollar closed firmly higher on Friday, ending the forex trading session with a wide spread up bar, supported by strong buying volume, and closing at 1.3129, having broken above the psychological 1.3000 level earlier in the day. This bullish trend in the...

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The euro vs dollar continues in bullish tone

The EUR/USD continues to defy all the market analysts who had consigned the euro to the history books as it plumbed the lows of 1.2000, back in late July, and since then the euro shorts have been covering their longer term positions, as the currency...

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Euro vs Dollar 9 Nov 2010

Yesterday’s wide spread down candle on the euro vs dollar chart pushed the euro to dollar below both the 9 and 14 day moving averages and closing the trading day at USD1.3863.  Much of this downwards momentum was generated by the fundamental landscape where market...

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Euro vs Dollar 8 Nov 2010

An interesting signal on the euro to dollar chart with Friday’s price action resulting in a wide spread down candle aka a bearish engulfing which suggests that we may see a short term re-tracement for the euro to dollar.  Indeed in early trading so far...

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Euro vs Dollar – Daily Forex Analysis

With yesterday’s unprecedented day of fundamental news now firmly behind us the markets have duly spoken as the FED finally lifted its skirts to reveal what lay beneath – a quantitative easing programme to the tune of $600bn.  As expected this triggered a sell off...

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Euro vs Dollar 29 Oct 2010

The euro vs dollar surged higher yesterday closing as a wide spread up candle which held above all four moving averages once again and confirming that the recent short term re-tracement for the pair is now firmly over.  Throughout this period of consolidation and re-tracement...

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Euro vs Dollar 27 Oct 2010

The euro vs dollar continues to struggle to break and hold above the USD1.40 psychological level and in the last two weeks of trading we have seen three shooting star candles which have all hinted at short term weakness.  With yesterday’s narrow spread down candle...

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Euro vs Dollar 25 Oct 2010

Following last week’s bullish engulfing signal on the daily euro vs dollar chart the pair have pushed higher this morning supported both by the strong technical picture and also the fundamental backdrop of the G20.  With further dollar weakness now expected the bullish trend for...

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Euro vs Dollar 20 Oct 2010

An interesting couple of days for the euro vs dollar which promptly fell heavily yesterday partly as a result of a surprise announcement from China of a hike in interest rates, which surprised the markets as this was an unscheduled move, with commodities in particular...

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Euro vs Dollar 18 Oct 2010

The daily chart for the euro vs dollar has thrown up some interesting signals in the last few days, not least of which was Friday’s deep shooting star candle which replicated the smaller version that we saw on Thursday, and as such, gives us a...

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